Business Standard

‘World is a gangster’, Pompeo shoots back at N Korean officials

- GARDINER HARRIS

Secretary of State Mike Pompeo shot back at North Korean officials for characteri­sing American diplomatic behaviour as gangster-like, saying on Sunday that if that were true, then “the world is a gangster.”

Pompeo was referring to comments made on Saturday by North Korea’s Foreign Ministry that accused the Trump administra­tion of pushing a “unilateral and gangsterli­ke demand for denucleari­sation” and called it “deeply regrettabl­e.” The statement came just hours after Pompeo left North Korea after two days of meetings that he had called “productive.” In his remarks on Sunday, Pompeo noted that the United Nations had agreed to place sanctions on North Korea to try to stop its nuclear and missile programs, saying, “It was a unanimous decision at the UN Security Council about what needs to be achieved.”

Pompeo blamed the media for the stark difference­s in how he assessed the talks compared to how North Korea’s Foreign Ministry viewed them.

The move by CMS may affect publicly traded insurers that have stuck with Obamacare, such as St Louisbased Centene Corporatio­n.

“As a result of this litigation, billions of dollars in risk adjustment payments and collection­s are now on hold,” CMS Administra­tor Seema Verma said.

“CMS has asked the court to reconsider its ruling, and hopes for a prompt resolution that allows CMS to prevent more adverse impacts on Americans who receive their insurance in the individual and small group markets,” Verma said.

The Congressio­nally mandated risk adjustment program of the Affordable Care Act redistribu­tes funds from plans with lower-risk enrollees to plans with higher-risk enrollees, helping to ensure that sicker individual­s can receive coverage by sharing the cost of covering them.

The trade group America’s Health Insurance Plans said in an emailed statement that “We are very discourage­d by the new market disruption brought about by the decision to freeze risk adjustment payments.” It added that the move comes at a critical time when insurance providers are developing premiums for 2019 and states are reviewing rates.

“This decision will have serious consequenc­es for millions of consumers who get their coverage through small businesses or buy coverage on their own. It will create more market uncertaint­y and increase premiums for many health plans — putting a heavier burden on small businesses and consumers, and reducing coverage options,” AHIP said.

 ?? PHOTO: REUTERS ?? Pompeo took a dig at North Korean officials who accused the US of pushing a “unilateral and gangster-like demand for denucleari­sation”
PHOTO: REUTERS Pompeo took a dig at North Korean officials who accused the US of pushing a “unilateral and gangster-like demand for denucleari­sation”

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